Jack Dorsey’s new title at Block shouldn’t be CEO, however Block Head. No, this isn’t a really belated April Fools’ joke. The corporate filed an 8-Okay with the US Securities and Alternate Fee (SEC) saying the change — and naturally, the brand new title got here into impact on 4/20.
Regardless of the brand new title (which, in full, is “Block Head and Chairperson”), Dorsey’s job at Block, the corporate previously generally known as Sq., will in the end stay the identical: there can be “no modifications in Mr. Dorsey’s roles and obligations, and he’ll proceed to function principal government officer of the Firm.” Block’s bylaws additionally now not require that the corporate to have an officer with the title of CEO and president, which appears to imply that anybody who succeeds Dorsey in his function may be referred to as Block Head.
The change occurred at Dorsey’s request, in accordance with the submitting. Maybe he noticed his blocky face on Block’s official “Management” web site, which I’ve used because the picture on the prime of this submit, and determined to go all the best way with the joke. (As of press time, that web page nonetheless lists his title as CEO.)
Dorsey follows Elon Musk in main an organization however adopting a wacky title in lieu of CEO, as Musk topped himself the Technoking of Tesla in 2021.